Operational update - March 2017

JOHANNESBURG. 26 April 2017

Gold Fields Limited (NYSE & JSE: GFI) is pleased to provide an operational update for
the quarter ended 31 March 2017. Detailed financial and operational results are provided on a six-monthly basis i.e. at the
end of June and December.

C 2016

Quarter ended 31 December 2016

JOHANNESBURG. 16 February 2017

Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) is pleased to announce the results of the South Deep Rebase Plan. The mine entered a critical stage of its evolution at the beginning of 2015 when Gold Fields made the decision to take a step back and fix the base at the mine before determining the new long-term steady state profile.

Operational update - September 2016

JOHANNESBURG. 24 October 2016

Gold Fields Limited (NYSE & JSE: GFI) is pleased to provide an operational update for the quarter ended 30 September 2016. Detailed financial and operational results are provided on a six-monthly basis i.e. at the end of June and December.

Six months ended - 30 June 2016

JOHANNESBURG. 18 August 2016

Gold Fields Limited (NYSE & JSE: GFI) today announced normalised earnings of US$103 million for the six months to June 2016 compared with normalised earnings of US$8 million for the six months to June 2015.

Operational update - March 2016

JOHANNESBURG. 19 April 2016

Gold Fields Limited (NYSE & JSE: GFI) is pleased to provide an operational update for the quarter ended 31 March 2016. Detailed financial and operational results are provided on a six-monthly basis i.e. at the end of June and December.

C 2015

Quarter ended 31 December 2015

JOHANNESBURG. 18 FEBRUARY 2016

Gold Fields Limited (NYSE & JSE: GFI) today announced normalised earnings of US$15 million for the December 2015 quarter compared with US$22 million for the September 2015 quarter and US$17 million for the December 2014 quarter. Net losses attributable to our shareholders of US$258 million for the December 2015 quarter compared with net earnings of US$18 million for the September 2015 quarter and net losses of US$26 million for the December 2014 quarter.

Quarter ended 30 September 2015

JOHANNESBURG. 19 SEPTEMBER 2015

Gold Fields Limited (NYSE & JSE: GFI) today announced net earnings attributable to our shareholders of US$18 million for the September 2015 quarter compared with net earnings of US$12 million for the June 2015 quarter and US$19 million in the September 2014 quarter. Normalised earnings of US$22 million for the September 2015 quarter compared with normalised earnings of US$22 million for the June 2015 quarter and US$23 million in the September 2014 quarter.

Quarter ended 30 June 2015

JOHANNESBURG. 20 AUGUST 2015

Gold Fields Limited (NYSE & JSE: GFI) today announced net earnings attributable to our shareholders of US$12 million for the June 2015 quarter compared with net losses of US$14 million in the March 2014 quarter and net earnings of US$19 million in the June 2014 quarter. Normalised earnings of US$22 million for the June 2015 quarter compared with normalised losses of US$13 million in the March 2014 quarter and normalised earnings of US$25 million in the June 2014 quarter.

Quarter ended 31 March 2015

JOHANNESBURG. 7 MAY 2015

Gold Fields Limited (NYSE & JSE: GFI) today announced net losses attributable to our shareholders of US$14 million for the March 2015 quarter compared with US$26 million in the December 2014 quarter and US$nil in the March 2014 quarter. Normalised losses of US$13 million for the March 2015 quarter compared with earnings of US$17 million in the December 2014 quarter and US$21 million in the March 2014 quarter.

C 2014

Quarter ended 31 December 2014

JOHANNESBURG. 12 FEBRUARY 2015

Gold Fields Limited (NYSE & JSE: GFI) today announced normalised earnings for the December 2014 quarter of US$17 million compared with US$23 million for the September 2014 quarter and US$14 million for the December 2013 quarter. Net losses for the December 2014 quarter of US$26 million compared with net earnings of US$19 million for the September 2014 quarter and net losses of US$491 million for the December 2013 quarter.

Quarter ended 30 September 2014

JOHANNESBURG. 20 NOVEMBER 2014

Gold Fields Limited (NYSE & JSE: GFI) today announced net earnings for the September 2014 quarter of US$19 million compared with US$19 million for the June 2014 quarter and US$9 million for the September 2013 quarter. Normalised earnings for the September 2014 quarter of US$23 million compared with US$25 million for the June 2014 quarter and US$12 million for the September 2013 quarter.

Quarter ended 30 June 2014

JOHANNESBURG. 21 AUGUST 2014

Gold Fields Limited (NYSE & JSE: GFI) today announced net earnings for the September 2014 quarter of US$19 million compared with US$19 million for the June 2014 quarter and US$9 million for the September 2013 quarter. Normalised earnings for the September 2014 quarter of US$23 million compared with US$25 million for the June 2014 quarter and US$12 million for the September 2013 quarter.

Quarter ended 31 March 2014

JOHANNESBURG. 8 MAY 2014

Gold Fields Limited (NYSE & JSE: GFI) today announced normalised earnings from continuing operations for the March 2014 quarter of US$21 million compared with US$14 million for the December 2013 quarter and US$68 million for the March 2013 quarter. Net losses for the March 2014 quarter of US$0.3 million compared with net losses of US$491 million for the December 2013 quarter.

C 2013

Quarter ended 31 December 2013

JOHANNESBURG. 13 FEBRUARY 2014

Gold Fields Limited (NYSE & JSE: GFI) today announced normalised earnings from continuing operations for the December 2013 quarter of US$14 million compared with US$12 million in the September 2013 quarter and US$127 million in the December 2012 quarter. In Rand terms the normalised earnings for the December 2013 quarter of R145 million compared with R120 million in the September 2013 quarter and R1,080 million in the December 2012 quarter.

Quarter ended 30 September 2013

JOHANNESBURG. 20 NOVEMBER 2013

Gold Fields Limited (NYSE & JSE: GFI) today announced net earnings from continuing operations for the September 2013 quarter of US$9 million compared with a net loss of US$129 million in the June 2013 quarter and earnings of US$122 million in the September 2012 quarter. In Rand terms the net earnings for the September 2013 quarter of R63 million compared with a net loss of R1,169 million in the June 2013 quarter and earnings of R997 million in the September 2012 quarter.

Quarter ended 30 June 2013

JOHANNESBURG. 22 AUGUST 2013

Gold Fields Limited (NYSE & JSE: GFI) today announced a net loss from continuing operations for the June 2013 quarter of US$129 million compared with earnings of US$27 million in the March 2013 quarter and US$105 million in the June 2012 quarter. In Rand terms the net loss for the June 2013 quarter of R1,169 million compared with earnings of R236 million in the March 2013 quarter and R837 million in the June 2012 quarter.

Quarter ended 31 March 2013

JOHANNESBURG. 10 MAY 2013

Gold Fields Limited (NYSE & JSE: GFI) today announced net earnings from continuing operations for the March 2013 quarter of R236 million compared with R376 million in the December 2012 quarter and R381 million in the March 2012 quarter. In US dollar terms net earnings for the March 2013 quarter of US$27 million compared with US$41 million in the December 2012 quarter and US$49 million in the March 2012 quarter.

C 2012

Quarter ended 31 December 2012

JOHANNESBURG. 14 FEBRUARY 2013

Gold Fields Limited (NYSE & JSE: GFI) today announced net earnings for the December quarter of R546 million compared with R1,424 million in the September quarter and R2,605 million in the December 2011 quarter. Net earnings from continuing operations for the December quarter amounted to R382 million compared with R1,000 million in the September quarter and R1,467 million in the December 2011 quarter. Net earnings from discontinued operations for the December quarter amounted to R164 million compared with R425 million in the September quarter and R1,138 million in the December 2011 quarter.

In US dollar terms net earnings for the December quarter were US$54 million, compared with US$171 million in the September quarter and US$336 million in the December 2011 quarter. Net earnings from continuing operations for the December quarter were US$41 million, compared with US$122 million in the September quarter and US$186 million in the December 2011 quarter. Net earnings from discontinued operations for the December quarter were US$13 million, compared with US$48 million in the September quarter and US$150 million in the December 2011 quarter.

Illegal strike action at KDC and Beatrix resulted in 110,000 ounces of lost production;

Quarter ended 30 September 2012

JOHANNESBURG. 26 NOVEMBER 2012

Gold Fields Limited (NYSE & JSE: GFI) today announced net earnings for the September quarter of R1,424 million compared with R1,606 million in the June quarter and R2,055 million in the September 2011 quarter. In US dollar terms net earnings for the September quarter were US$171 million, compared with US$198 million in the June quarter and US$293 million in the September 2011 quarter.

Production losses of 35,000 ounces due to illegal strike action at KDC and Beatrix;

Underground fire at KDC West responsible for 30,000 ounces of lost production;

Group attributable equivalent gold production of 811,000 ounces compared with 862,000 ounces in the June quarter;

Total cash cost of US$916 per ounce and NCE of US$1,448 per ounce;

Operating margin of 45 per cent and NCE margin of 13 per cent; and

“24/7” arrangements and other operating improvements agreed at South Deep.

Quarter ended 30 June 2012

JOHANNESBURG. 23 AUGUST 2012

Gold Fields Limited (NYSE & JSE: GFI) today announced net earnings for the June quarter of R1,606 million compared with R2,082 million in the March quarter and R1,267 million in the June 2011 quarter. In US dollar terms net earnings for the June quarter were US$198 million, compared with US$268 million in the March quarter and US$186 million in the June 2011 quarter.

Group attributable equivalent gold production of 862,000 ounces;

Total cash cost of US$851 per ounce and NCE of US$1,308 per ounce;

Operating margin of 47 per cent and NCE margin of 18 per cent;

Good progress made on South Deep project; and

Good progress made on South Deep project; and

Interim dividend of 160 SA cents per share is payable on 17 September 2012

Quarter ended 31 March 2012

JOHANNESBURG. 17 MAY 2012

Gold Fields Limited (NYSE & JSE: GFI) today announced net earnings for the March quarter of R2,082 million compared with R2,605 million in the December quarter and R1,100 million in the March 2011 quarter. In US dollar terms net earnings for the March quarter were US$268 million, compared with US$336 million in the December quarter and US$158 million in the March 2011 quarter.

C 2011

Quarter ended 31 December 2011

JOHANNESBURG. 17 FEBRUARY 2012

Gold Fields Limited (NYSE & JSE: GFI) today announced net earnings for the December quarter of R2,605 million compared with R2,055 million in the September quarter and a loss of R777 million in the December 2010 quarter. In US dollar terms net earnings for the December quarter were US$336 million, compared with US$293 million in the September quarter and a loss of US$106 million in the December 2010 quarter. Net earnings of R7,027 million (US$973 million) for the year ended December 2011 compared with R1,139 million (US$153 million) for the year ended December 2010.

Group attributable equivalent gold production of 883,000 ounces;

Total cash cost decreased from US$851 per ounce to US$767 per ounce;

Operating margin of 56 per cent and NCE margin of 28 per cent reflecting good cost control and higher prices;

Project pipeline gaining momentum;

Fourth place ranking in the resources sector of the Dow Jones sustainability index.

Quarter ended 30 September 2011

JOHANNESBURG. 10 NOVEMBER 2011

Gold Fields Limited (NYSE & JSE: GFI) today announced record net earnings for the September quarter of R2,055 million compared with R1,267 million in the June quarter and earnings of R701 million in the September 2010 quarter. In US dollar terms net earnings for the September quarter were US$293 million, compared with US$186 million in the June quarter and earnings of US$95 million in the September 2010 quarter.

Group attributable equivalent gold production of 900,000 ounces, 3 per cent higher than the June quarter;

Operating margin increased from 47 per cent to 51 per cent and NCE margin from 21 per cent to 29 per cent;

Loans repaid of US$195 million funded from operating activities; and

Second down payment of US$66 million made in the Far Southeast project in the Philippines, on positive drilling results.

Quarter ended 30 June 2011

JOHANNESBURG. 11 AUGUST 2011

Gold Fields Limited (NYSE & JSE: GFI) today announced net earnings for the June quarter of R1,267 million compared with R1,100 million in the March quarter and earnings of R900 million in the June 2010 quarter. In US dollar terms net earnings for the June quarter were US$186 million, compared with US$158 million in the March quarter and earnings of US$120 million in the June 2010 quarter.

Group attributable equivalent gold production of 872,000 ounces, 5 per cent higher than the March quarter;

Quarter ended 31 March 2011

JOHANNESBURG. 19 MAY 2011

Gold Fields Limited (NYSE & JSE: GFI) today announced net earnings for the March 2011 quarter of R1,100 million compared with a loss of R777 million in the December 2010 quarter and earnings of R316 million in the March 2010 quarter. In US dollar terms net earnings for the March 2011 quarter were US$158 million, compared with a loss of US$106 million in the December 2010 quarter and earnings of US$44 million in the March 2010 quarter.

Group attributable gold production 830,000 ounces, 5 per cent higher than corresponding quarter last year;

Total cash cost up 4 per cent to R168,455 per kilogram (US$751 per ounce) in line with corresponding quarter last year;

Net operating costs reduced for the third successive quarter;

NCE margin up 1 percentage point to 21 per cent; and

Process of acquiring minorities in Peru completed and Ghana commenced.

F 2010

Quarter ended 31 December 2010

JOHANNESBURG. 18 FEBRUARY 2011

Gold Fields Limited (NYSE & JSE: GFI) today announced net earnings excluding gains and losses on foreign exchange, non-recurring items and share of gain or loss of associates after royalties and taxation for the December 2010 quarter of R1,475 million compared with earnings of R1,016 million and R1,022 million in the September 2010 and December 2009 quarters respectively. In US dollar terms net earnings excluding gains and losses on foreign exchange, non-recurring items and share of gain or loss of associates after royalties and taxation for the December 2010 quarter were US$211 million, compared with earnings of US$138 million and US$135 million for the September 2010 and December 2009 quarters respectively. A net loss of R777 million (US$106 million) was incurred due to the cost of a number of empowerment transactions completed in the quarter.

Net earnings per share excluding gains and losses on foreign exchange, non-recurring items and share of gain or loss of associates after royalties and taxation increased by 43 per cent from 144 cents per share to 206 cents per share;

Group attributable gold production similar to last quarter at 898,000 ounces;

Lowest coupon dollar bond ever issued by South African corporate;

Total cash cost down from R164,898 per kilogram (US$697 per ounce) to R161,894 per kilogram (US$728 per ounce);

Quarter ended 30 September 2010

JOHANNESBURG. 4 NOVEMBER 2010

Operations tracking guidance

Gold Fields Limited (NYSE & JSE: GFI) today announced net earnings excluding gains and losses on foreign exchange, non-recurring items and share of gain or loss of associates after royalties and taxation for the December 2010 quarter of R1,475 million compared with earnings of R1,016 million and R1,022 million in the September 2010 and December 2009 quarters respectively. In US dollar terms net earnings excluding gains and losses on foreign exchange, non-recurring items and share of gain or loss of associates after royalties and taxation for the December 2010 quarter were US$211 million, compared with earnings of US$138 million and US$135 million for the September 2010 and December 2009 quarters respectively. A net loss of R777 million (US$106 million) was incurred due to the cost of a number of empowerment transactions completed in the quarter.

September 2010 quarter salient features:

US$1 billion bond completed post quarter end;

Group attributable gold production up to 908,000 ounces;

Total cash cost down from R166,215 per kilogram (US$688 per ounce) to R164,898 per kilogram (US$697 per ounce);

NCE margin maintained at 18 per cent;

South Deep new order mining right executed;

Three BEE transactions approved by shareholders;

Option agreement for 60 per cent interest in the undeveloped gold-copper Far Southeast deposit in the Philippines signed;

Quarter ended 30 June 2010

JOHANNESBURG. 5 AUGUST 2010

Gold Fields Limited (NYSE & JSE: GFI) today announced net earnings for the June 2010 quarter of R900 million compared with earnings of R316 million and a loss of R293 million in the March 2010 and the June 2009 quarters respectively. In US dollar terms net earnings for the June 2010 quarter were US$120 million, compared with earnings of US$44 million and a loss of US$29 million for the March 2010 and June 2009 quarters respectively.

June 2010 quarter salient features:

New production record for Tarkwa at over 200,000 ounces for the quarter;

Total cash cost down 2 per cent from R169,538 per kilogram (US$703 per ounce) to R166,215 per kilogram (US$688 per ounce);

Notional cash expenditure down 3 per cent from R241,860 per kilogram (US$1,003 per ounce) to R235,223 per kilogram (US$974 per ounce);

A final dividend of 70 SA cents per share is payable on 30 August 2010, giving a total dividend for financial 2010 of 120 SA cents per share.

Statement by Nick Holland, Chief Executive Officer of Gold Fields:

“Safe production remains a key priority for the Group and I deeply regret to report three fatal accidents at the South African operations during the quarter. The fatality rate and the serious injury frequency rate reduced year-on-year by 15 per cent and 20 per cent respectively. F2010 has been the best safety year ever, and our focus will now be on behavioural change, with no let-up in our efforts to create a safe working environment.

Quarter ended 31 March 2010

JOHANNESBURG. 7 MAY 2010

Gold Fields Limited (NYSE & JSE: GFI) today announced net earnings for the March 2010 quarter of R316 million compared with earnings of R1,409 million and R1,307 million in the December 2009 and the March 2009 quarters respectively. In US dollar terms net earnings for the March 2010 quarter were US$44 million, compared with US$187 million and US$140 million for the December 2009 and March 2009 quarters respectively.

March 2010 quarter salient features:

Attributable gold production of 793,000 ounces;

Strong performance at the international operations with a 6 per cent increase in production;

Net cash inflow of R1 billion despite lower production;

South Deep ventilation shaft deepening commenced;

Total cash cost up 15 per cent from R147,648 per kilogram (US$613 per ounce) to R169,538 per kilogram(US$703 per ounce);

Notional cash expenditure up 12 per cent from R216,830 per kilogram (US$900 per ounce) to R241,860 per kilogram (US$1,003 per ounce);

Damang’s secondary crusher successfully commissioned on time and within budget.

Statement by Nick Holland, Chief Executive Officer of Gold Fields:

I deeply regret to report that the South Africa region reported three fatal accidents during Q3 F2010. We remain singularly focused on eliminating all serious and fatal accidents on all of our mines and our deliberate efforts towards this goal continue unabated. One of the most important safety initiatives is the set of measures we are putting in place to counteract the impact of seismicity. These initiatives are showing early promise.